Wednesday, April 2, 2008

OBAMA RAISES TWICE AS MUCH FROM BIG BUSINESS INTERESTS AS MCCAIN

If the Catholic Church acted like the Democrats it would get its big bucks from atheists, porn stars and drug dealers. Read this and you'll understand why Democrats don't act like Democrats

BRODY MULLINS, WALL STREET JOURNAL Of seven major industries that have been the most reliable Republican resources, Sen. McCain has beaten Sen. Hillary Clinton and Sen. Barack Obama in only one, according to data from the Center for Responsive Politics, a nonpartisan organization. Even that one, transportation, is a close call. Among the seven combined, the expected Republican nominee raised $13.1 million through February, compared with $22.5 million for Sen. Obama and $27.1 million for Sen. Clinton.

The Republican standard-bearer's attempt to claw back financial support from the GOP's business base could be a pivotal factor in determining the outcome of the presidential race. Employees of financial-services, insurance and real-estate companies so far have donated to Sen. Obama over Sen. McCain by almost two-to-one -- and favored Sen. Clinton by even more. Health-care and pharmaceutical firms have given three times as much to each of the two Democrats as to Sen. McCain. Defense firms put Sen. McCain ahead of Sen. Obama, but behind Sen. Clinton. Energy, construction and agribusiness firms have given more to both Democrats. . .

Two main factors have combined to put Sen. McCain in such a deep hole with businesses. First: Since early 2007, Democrats in general have been more successful at fund raising than their Republican counterparts. The unusually strong business-sector fund raising of Sen. Clinton and Sen. Obama has been helped by a wide expectation during 2007 of likely Democratic success in the White House and congressional races because of President Bush's unpopularity. . . Second, Sen. McCain's maverick status in his party and frequent tangles with big business interests made other Republican candidates far more attractive to many industry donors. . .

Individually, Sens. Clinton and Obama haven't just beaten Sen. McCain to business donors. In many areas they bested the top Republican fund-raisers, Messrs. Romney and Giuliani, too.

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